The Hindu : Business : Mitsui’s industrial park in Haryana

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Tuesday, Dec 09, 2008
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Mitsui’s industrial park in Haryana

Special Correspondent

Japanese firms to invest Rs. 5,000 crore in the project

To create employment for 10,000 people
MoU envisages location study survey in 60 days

— PHOTO: AKHILESH KUMAR

ATTRACTING INVESTMENT: Munetaka Onose (left), Chairman of Mitsui & Co. India, exchanging documents with Rajeev Arora, Managing Director of Haryana State Industrial & Infrastructure Development Corporation, after signing an MoU in Chandigarh on Monday.

CHANDIGARH: Mitsui and Company India Private Limited on Monday decided to join hands with the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and IL&FS Infrastructure Development Corporation to set up an integrated Japanese industrial, transportation and logistic park in Haryana.

A memorandum of understanding (MoU) was entered into between the three organisations here on Monday in the presence of Haryana Chief Minister Bhupinder Singh Hooda.

Rajeev Arora, Managing Director, HSIIDC; Munetaka Onose, Chairman, Mitsui and Company; and Rubinder Singh, Vice President, IL&FSIDC, signed the document on behalf of their respective organisations.

The MoU envisages conducting a location study survey within 60 days to find the most suitable site for the project after evaluating all aspects of feasibility like contiguity, connectivity, access to water source and the like. The main components of the project would include transportation and logistic infrastructure, industry and manufacturing support for targeting high-end manufacturing, information and services, training facilities, utilities like power generation, energy conservation technologies and so on. The project is likely to attract Japanese investment worth Rs. 5,000 crore and create employment for about 10,000 people directly and indirectly in the core and allied activities. Senior functionaries of the State Government including Chief Secretary Dharam Vir were present.

PTI reports:

The project is in line with the joint declaration made by Prime Minister Manmohan Singh with his Japanese counterpart in October in furtherance to an overall cooperation on the Delhi-Mumbai Industrial Corridor (DMIC).

“This project will facilitate Japanese and other foreign investments in Haryana,” Mitsui and Company India, Chairman said. Mitsui & Company India is part of the Mitsui Group of Japan, having interest in investment, industrial services and trading.

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